FMS.next for Alternative Banking presented in the UK with solutions for Peer-to-Peer Lending, credit unions and start-up banks
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
PROFILE Software, an award-winning financial solutions provider, announced today that FMS.next its banking platform has been enriched to successfully meet the increasing requirements of Peer-to-Peer Lending, crowdfunding platforms, building societies, credit unions and start-up banks. Presenting the value-adding capabilities of FMS.next at a ground-breaking UK event for the alternative banking sector, the system ensures continuity, flexibility and scalability to the evolving market requirements.
The FMS.next’s latest functionalities were presented at the “Meeting the Competition Challenge with Alternative Banks and Banking Models” half day event hosted by PROFILE and organized with Tusmor, its associate in the UK. It was supported with the active contribution of esteemed speakers and industry experts, from the state regulatory authorities, start-up financial firms (new banks, building societies, credit unions and crowdfunding businesses) as well as the service providers. The intriguing presentations offered insights as to how the new alternative banking sector is expected to grow.
The FMS.next platform, presented at the end of the three panel discussions focused on the latest advanced developments with a focus on Peer-to-Peer lending and crowdfunding unique system’s functionality. The FMS.next P2P Lending solution’s core engine is a combination of investment management and banking modules, reflecting PROFILE’s proven experience in both domains. This flexible yet robust set of modules is specifically designed to effectively accommodate the particular requirements and the complexity of the new start-up businesses.
As it was unveiled during the event, the key priority for all parties invlolved is the consumer’s best interest with the options available to him/her. The regulators want to support progress creating a healthy competitive environment by removing barriers to entry while the businesses focus on delivering added-value to the growing consumer requirements utilising latest technology tools.
PROFILE’s FMS.next P2P Lending solution enables businesses to manage and monitor their processes through a modern, comprehensive and user friendly environment for both the business users and end consumers. Particularly, the solution incorporates a powerful workflow engine to automate the lending and borrowing process, provide risk management metrics while incorporating flexible investment features for both primary and secondary market operations.
FMS.next offering for the alternative banking sector coupled with the P2P Lending solution ensures compliance to internal and external policies while enhancing productivity with its inherent STP features. In addition, future requirements that arise as the business grows and regulations change, can be accommodated easily and reliably due to the system’s modern and open architecture. These product capabilities were entrusted by a new “challenger” bank that was announced at the end of the event and a crowdfunding platform that selected FMS.next to manage their operations.